Women’s Representation on SGX-listed Companies Boards as at Jun 2017

Top 100 largest primary-listed companies led the progress on women’s participation of boards in the first half of 2017, achieving 12.2% women’s participation on boards from 10.9% six months ago.

DAC’s Chairman Loh Boon Chye said, “It is encouraging to see our larger companies taking the lead in increasing diversity by appointing women on their boards. We strongly encourage the remaining 76 companies who have not yet achieved 20% women’s participation to act. Appointing one woman each would get the Top 100 companies to 20%.

Numbers aside, our starting point must be that we want stronger boards, better equipped to tackle this turbulent future. In order to achieve this, companies need to get the best talent available. We do have a growing pool of qualified female potential directors that is under-tapped.”

  1. Large companies drive the improved statistic
    • Top 100 primary listed companies led the way with a 12% improvement from 10.9% at end 2016 to 12.2% as at end Jun 2017.
    • Women’s representation on boards of all SGX-listed companies rose by 0.4 percentage points to achieve 10.3% as at end June 2017; the first time WOB crossed into the double-digits.
    • Among companies of different sizes, large companies showed the greatest improvement to achieve 11.9%.

    Jun 2017 - 1 WOB by mkt cap

  1. Number of women board appointments small but encouraging
    • Women made 12% of all board appointments in the first half of 2017, unchanged from 2016.
    • It is encouraging that larger companies have shown a continued increase in proportion of women appointments and are adding women directors at a faster pace compared to the rest of the market, with women making up 22% of appointments in large companies.

    Jun 2017 - 2 women appointments

  1. Proportion of all-male boards largely unchanged
    • Large market cap companies showed the greatest improvement over the last 4.5 years. For the Top 100 primary-listed companies, 36% do not have woman director.

    Jun 2017 - 3 all male boards

  1. New board seats are mostly filled by men
    • Almost 40% of directors appointed to boards over the past 2.5 years are first time directors, debunking the notion that boards prefer experienced directors. However, more than 80% of these first-time directors are men.

    Jun 2017 - 4 first time directors

  1. Skillsets of board directors are still mostly in Finance and Strategy/Planning
    • Directors appointed by the Top 100 primary-listed companies in the first half of 2017 are still predominantly those with “core” skillsets such as Finance and Strategy/Planning, reflecting the profile of existing directors. Boards should widen their search and look for board candidates from “emerging” skillsets required for forward-looking companies.

    Jun 2017 - 5 Director Skillsets

  1. List Of 100 Largest Primary-Listed Companies’ Women’s Representation On Board (WOB), as at end June 2017
    Company Name Industry No. of WOB end Jun 2017 No. board seats end Jun 2017 %WOB end June 2017 %WOB end 2016 %WOB end 2015 Women Directors as at end Jun 2017
    Mapletree Commercial Trust Real Estate 4 10 40% 40% 40% Kwa Kim Li, Ng Lee Hoon Amy, Seah Bee Eng @ Jennifer Loh, Sharon Lim Hwee Li
    Parkway Life REIT Real Estate 3 8 38% 25% 13% Jennifer Lee Gek Choo, Rossana Annizah Binti Ahmad Rashid, Cheah Sui Ling
    Singapore Post Limited Transportation 4 11 36% 27% 8% Aliza Knox, Kong Sau Wai Elizabeth, Lim Cheng Cheng, Fang Ai Lian
    Hutchison Port Holdings Trust Transportation 3 9 33% 11% 11% Sng Sow-Mei, Ruth Sin Ling Tsim, Edith Shih
    Singapore Exchange Limited Diversified Financials 3 9 33% 33% 27% Chew Gek Khim, Chng Sok Hui, Jane Diplock
    Singapore Telecommunications Limited Telecommunication Services 3 9 33% 33% 33% Christina Hon Kwee Fong (Christina Ong), Chua Sock Koong, Teo Swee Lian
    Singapore Press Holdings Limited Media 3 10 30% 33% 30% Chong Siak Ching, Janet Ang Guat Har, Tan Yen Yen
    Ascott Residence Trust Real Estate 2 7 29% 14% 0% Elaine Carole Young, Beh Siew Kim
    China Everbright Water Limited Utilities 2 7 29% 14% 13% Cheng Fong Yee Fonda, Xu Nailing
    GSH Corporation Limited Real Estate 2 7 29% 29% 29% Huang Lui, Juliette Lee Hwee Khoon
    Pacific Century Regional Developments Limited Diversified Financials 2 7 29% 29% 25% Frances Waikwun Wong, Laura Raquel Deal-Lacey
    SPH REIT Real Estate 2 7 29% 29% 29% Ginney Lim May Ling, Rachel Eng Yaag Ngee
    Yanlord Land Group Limited Real Estate 2 7 29% 25% 25% Chan Yiu Ling, Ng Shin Ein
    Mapletree Greater China Commercial Trust Real Estate 2 8 25% 25% 25% Cindy Chow Pei Pei, Tan Su Shan
    The Straits Trading Company Limited Materials 2 8 25% 25% 30% Chew Gek Hiang, Chew Gek Khim
    CapitaLand Commercial Trust Real Estate 2 9 22% 14% 13% Lynette Leong Chin Yee, Jessica Tan Soon Neo
    DBS Group Holdings Ltd Banks 2 9 22% 22% 22% Woo Foong Pheng, Euleen Goh Yiu Kiang
    Keppel REIT Real Estate 2 9 22% 40% 22% Christina Tan Hua Mui, Penny Goh nee Lee Yoke Sim Penny
    Silverlake Axis Ltd Software & Services 2 9 22% 22% 22% Goh Shiou Ling, Datuk Yvonne Chia
    Suntec Real Estate Investment Trust Real Estate 2 9 22% 17% 14% Chew Gek Khim, Yu-Foo Yee Shoon
    Ascendas Real Estate Investment Trust Real Estate 2 10 20% 20% 22% Chong Chiet Ping, Lim Sau Hoong
    GuocoLand Limited Real Estate 2 10 20% 20% 22% Lim Suat Jien, Jennie Chua Kheng Yeng
    M1 Limited Telecommunication Services 2 10 20% 20% 20% Karen Kooi Lee Wah, Lee Kia Jong Elaine
    Olam International Limited Food & Staples Retailing 2 10 20% 18% 8% Marie Elaine Teo, Rachel Eng Yaag Ngee
    Fraser and Neave, Ltd Food Beverage & Tobacco 2 11 18% 20% 20% Khunying Wanna Sirivadhanabhakdi, Siripen Sitasuwan
    Mapletree Logistics Trust Real Estate 2 11 18% 18% 18% Ng Kiat, Penny Goh nee Lee Yoke Sim Penny
    SATS Ltd. Transportation 2 11 18% 11% 11% Jessica Tan Soon Neo, Euleen Goh Yiu Kiang
    Bumitama Agri Ltd. Food Beverage & Tobacco 1 6 17% 0% 0% Lim Christina Hariyanto
    Fragrance Group Limited Real Estate 1 6 17% 17% 17% Grace Lim Wan Looi
    GL Limited Consumer Services 1 6 17% 17% 14% Jennie Chua Kheng Yeng
    Lippo Malls Indonesia Retail Trust Real Estate 1 6 17% 29% 14% Chan Lie Leng
    Metro Holdings Limited Retailing 1 6 17% 17% 17% Fang Ai Lian
    OUE Commercial Real Estate Investment Trust Real Estate 1 6 17% 17% 17% Tan Shu Lin
    Tianjin Zhong Xin Pharmaceutical Group Corporation Limited Pharmaceuticals, Biotechnology & Life Sciences 1 6 17% 13% 11% Wang Lei
    Jardine Cycle & Carriage Ltd Retailing 2 14 14% 7% 8% Lim Hwee Hua, Vimala a/p V.R. Menon
    City Developments Limited Real Estate 1 7 14% 13% 14% Tan Yee Peng
    ComfortDelGro Corporation Limited Transportation 1 7 14% 13% 13% Sum Wai Fun Adeline
    Japfa Ltd. Food Beverage & Tobacco 1 7 14% 14% 13% Lien Siaou-Sze
    Yoma Strategic Holdings Ltd Real Estate 1 7 14% 14% 14% Wong Su-Yen
    Bukit Sembawang Estates Limited Real Estate 1 8 13% 14% 14% Fam Lee San
    China Jinjiang Environment Holding Company Limited Utilities 1 8 13% 13% NL Wang Yuanluo
    First Resources Limited Food Beverage & Tobacco 1 8 13% 13% 13% Ng Shin Ein
    Ho Bee Land Limited Real Estate 1 8 13% 0% 0% Choo Poh Hua Josephine
    Keppel Infrastructure Trust Utilities 1 8 13% 13% 13% Christina Tan Hua Mui
    Keppel Telecommunications & Transportation Ltd Transportation 1 8 13% 13% 10% Lee Ai Ming
    Sinarmas Land Limited Real Estate 1 8 13% 13% 13% Margaretha Natalia Widjaja
    United Overseas Bank Limited Banks 1 8 13% 11% 11% Lim Hwee Hua
    Thai Beverage Public Company Limited Food Beverage & Tobacco 2 18 11% 11% 10% Kanoknart Rangsithienchai, Khunying Wanna Sirivadhanabhakdi
    CapitaLand Limited Real Estate 1 9 11% 11% 10% Euleen Goh Yiu Kiang
    China Aviation Oil (Singapore) Corporation Ltd Energy 1 9 11% 11% 11% Bella Young Pit Lai
    Keppel Corporation Limited Capital Goods 1 9 11% 11% 20% Veronica Eng Siang Yang
    Keppel DC REIT Real Estate 1 9 11% 11% 0% Christina Tan Hua Mui
    Mapletree Industrial Trust Real Estate 1 9 11% 11% 11% Mary Yeo Chor Gek
    SembCorp Industries Ltd Capital Goods 1 9 11% 9% 10% Margaret Lui
    Sheng Siong Group Ltd. Food & Staples Retailing 1 9 11% 11% 0% Lin Ruiwen
    Wheelock Properties (Singapore) Ltd Real Estate 1 9 11% 11% 11% Tan Bee Kim
    Oversea-Chinese Banking Corporation Limited Banks 1 10 10% 10% 0% Christina Hon Kwee Fong (Christina Ong)
    Raffles Medical Group Ltd Health Care Equipment & Services 1 10 10% 10% 10% Wee Beng Geok
    Wing Tai Holdings Limited Real Estate 1 10 10% 10% 10% Tan Hwee Bin
    Fraser Centrepoint Limited Real Estate 1 11 9% 10% 10% Khunying Wanna Sirivadhanabhakdi
    SembCorp Marine Limited Capital Goods 1 11 9% 10% 10% Gina Lee-Wan
    SIA Engineering Company Limited Transportation 1 11 9% 11% 11% Christina Hon Kwee Fong (Christina Ong)
    StarHub Ltd Telecommunication Services 1 11 9% 8% 8% Rachel Eng Yaag Ngee
    Singapore Technologies Engineering Ltd Capital Goods 1 13 8% 7% 6% Olivia Lum Ooi Lin
    AIMS AMP Capital Industrial REIT Real Estate 0 6 0% 0% 0%
    Ascendas India Trust Real Estate 0 8 0% 0% 0%
    CapitaLand Mall Trust Real Estate 0 10 0% 0% 0%
    CapitaLand Retail China Trust Real Estate 0 9 0% 0% 0%
    CDL Hospitality Trusts Real Estate 0 5 0% 20% 14%
    CITIC Envirotech Ltd Commercial & Professional Services 0 8 0% 0% 0%
    CWT Limited Capital Goods 0 6 0% 0% 0%
    Delfi Limited Food Beverage & Tobacco 0 8 0% 0% 0%
    Far East Hospitality Trust Real Estate 0 6 0% 0% 0%
    First Real Estate Investment Trust Real Estate 0 5 0% 0% 0%
    Frasers Centrepoint Trust Real Estate 0 8 0% 0% 0%
    Frasers Commercial Trust Real Estate 0 8 0% 0% 0%
    Frasers Hospitality Trust Real Estate 0 6 0% 0% 0%
    Frasers Logistics & Industrial Trust Real Estate 0 6 0% 0% NL
    Genting Singapore PLC Consumer Services 0 6 0% 0% 0%
    Global Logistic Properties Limited Real Estate 0 10 0% 0% 0%
    Golden Agri-Resources Ltd Food Beverage & Tobacco 0 8 0% 0% 0%
    Golden Energy and Resources Limited Energy 0 7 0% 0% 0%
    Great Eastern Holdings Limited Insurance 0 7 0% 0% 0%
    Haw Par Corporation Limited Pharmaceuticals, Biotechnology & Life Sciences 0 10 0% 0% 0%
    Hong Leong Finance Limited Diversified Financials 0 9 0% 0% 0%
    Hotel Properties Limited Consumer Services 0 9 0% 0% 0%
    OUE Hospitality Trust Real Estate 0 7 0% 0% 0%
    OUE Limited Consumer Services 0 6 0% 0% 0%
    Oxley Holdings Limited Real Estate 0 5 0% 0% 0%
    Perennial Real Estate Holdings Limited Real Estate 0 7 0% 0% 0%
    SIIC Environment Holdings Ltd Utilities 0 10 0% 0% 0%
    Singapore Airlines Limited Transportation 0 9 0% 0% 11%
    Starhill Global Real Estate Investment Trust Real Estate 0 6 0% 0% 0%
    United Engineers Limited Capital Goods 0 7 0% 0% 0%
    United Industrial Corporation Limited Real Estate 0 11 0% 0% 0%
    UOB Kay Hian Holdings Limited Diversified Financials 0 6 0% 0% 0%
    UOL Group Limited Real Estate 0 9 0% 0% 0%
    Venture Corporation Limited Technology Hardware & Equipment 0 7 0% 0% 0%
    Wilmar International Limited Food Beverage & Tobacco 0 11 0% 0% 0%
    Yangzijiang Shipbuilding (Holdings) Ltd. Capital Goods 0 4 0% 0% 0%
  1. 29 companies added women onto boards from January to June 2017
    • See list of companies that added women in 2017 here.

     

Other Statistics Reports

Full Report on Women’s Representation on Boards of SGX-listed Companies

Top 100 Primary-Listed Companies’ Women’s Representation on Boards

Companies which added women to their boards